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NET INCOME (LOSS) PER SHARE
 9 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE

NOTE 7.  NET INCOME (LOSS) PER SHARE

 

The Company calculates basic net earnings (loss) per share by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the effects of potentially dilutive securities, which consist entirely of outstanding stock options.

 

Potential common shares of 22,195 and 22,789, respectively, have been excluded from diluted weighted average common shares for the three months and nine months ended March 31, 2015, as the effect would have been anti-dilutive.

 

The following table presents reconciliations of the numerators and denominators of the basic and diluted earnings (loss) per share computations for net income (loss). In the tables below, income (loss) amounts represent the numerator, and share amounts represent the denominator (in thousands, except per share amounts):

 

    Three Months Ended
March 31,		     Nine Months Ended
March 31,		  
    2016     2015     2016     2015  
Basic:                                
Income (loss) from continuing operations   $ 368     $ (92 )   $ 633     $ (475 )
Weighted average shares outstanding     4,151       4,158       4,145       4,179  
Basic income (loss) per share from continuing operations   $ 0.09     $ (0.02 )   $ 0.15     $ (0.11 )
                                 
Income from discontinued operations   $ —     $ 16     $ —     $ 37  
Weighted average shares outstanding     4,151       4,158       4,145       4,179  
Basic and diluted earnings per share from discontinued operations   $ 0.00     $ 0.00     $ 0.00     $ 0.01  
                                 
Net income (loss)   $ 368     $ (76 )   $ 633     $ (438 )
Weighted average shares outstanding     4,151       4,158       4,145       4,179  
Basic and diluted loss per share   $ 0.09     $ (0.02 )   $ 0.15     $ (0.10 )
Diluted:                                
Income (loss) from continuing operations   $ 368     $ (92 )   $ 633     $ (475 )
Weighted average shares outstanding     4,151       4,158       4,145       4,179  
Effect of dilutive securities – stock options     44       —       24       —  
Weighted average shares used in calculation of diluted earnings per share     4,195       4,158       4,169       4,179  
Basic and diluted loss per share from continuing operations   $ 0.09     $ (0.02 )   $ 0.15     $ (0.11 )
                                 
Income from discontinued operations   $ —     $ 16     $ —     $ 37  
Weighted average shares outstanding     4,195       4,158       4,169       4,179  
Diluted earnings per share from discontinued operations   $ 0.00     $ 0.00     $ 0.00     $ 0.01  
                                 
Net income (loss)   $ 368     $ (76 )   $ 633     $ (438 )
Weighted average shares outstanding     4,195       4,158       4,169       4,179  
Diluted income (loss) per share   $ 0.09     $ (0.02 )   $ 0.15     $ (0.10 )